Building on the momentum of these investment, the Government’s renewed commitment to the VCCI will help increase the availability of capital for Canada’s high-potential innovative firms, including those in the life sciences sector and for entrepreneurs from underrepresented groups, such as women and racialized communities. This will be accomplished through the introduction of three new streams under VCCI:
- Funds-of-funds stream investing up to $350 million in funds-of-funds;
- Life sciences stream investing up to $50 million in VC funds primarily focused on investing in high-growth potential technology companies Canada’s life sciences sector; and,
- Inclusive growth stream investing up to $50 million to support increased access to VC for underrepresented groups, such as women and racialized communities.
The Call for Expressions of Interest is now open and accepting applications for all three streams until November 22, 2023